Alan Simpson News
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Updated 1 hour, 3 minutes ago
House Speaker John Boehner revived Republicans’ insistence that any increase in the nation’s debt limit be matched by at least as much in spending cuts, positioning his party for a renewed standoff with Democrats over the federal budget.
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Former Republican Senator Alan Simpson talks about the U.S. debt and economy. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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World Bank President Robert Zoellick, who served in three Republican administrations, declined to say whether he will advise presumed Republican presidential nominee Mitt Romney when his mandate ends next month.
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With the exception of the U.S., every country in the Organization for Economic Cooperation and Development has a value-added tax -- one on business sales that functions much like a retail sales tax. It’s time for the U.S. to join that club.
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Republican presidential candidate Mitt Romney’s tax plan rests on a set of principles that, taken together, are difficult to reconcile.
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Sadly, Congress and the White House seem incapable of agreeing on substantive measures to tackle the $10.4 trillion mountain of U.S. debt.
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Elmo, Cookie Monster and Abby Cadabby, along with Diane Sawyer and Lesley Stahl, sang “As Time Goes By” to Pete Peterson and his wife, Joan Ganz Cooney last night.
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President Barack Obama “walked away” from his bipartisan U.S. deficit-cutting commission’s plan “because he knew he’d be torn to bits,” said former Republican Senator Alan Simpson, who was co-chairman of the panel.
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Co-chairs of President Obama's Deficit Commission, former Clinton White House Chief of Staff Erskine Bowles and former Wyoming Senator Alan Simpson, discuss the plan to reduce the deficit and balance the federal budget, the leadership in Washington and the fiscal challenges facing the country. (Source: Bloomberg)
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Former Republican Senator Alan Simpson of Wyoming, who was co-chairman of Barack Obama’s bipartisan deficit-reduction commission, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that the president “walked away” from the issue in his annual State of the Union speech to Congress “because he knew he’d be torn to bits.”
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